Home Depot quarter lags forecast

Profit, sales miss mark; long winter, rising loan rates cited

By Matt Townsend Bloomberg News

Posted: May 21, 2014 at 3:15 a.m.

DANIEL ACKER
Credit: Bloomberg News
Customers look at plants in the garden center of a Home Depot store in Peoria, Ill., on Monday. Home Depot on Tuesday reported a fi rst-quarter profit of $1.38 billion.

Home Depot, the largest U.S. home-improvement retailer, posted a first-quarter profit that trailed some analysts' estimates after a long winter slowed the rebound in the housing market.